RXR is looking for space…to park a $500M ocean liner

The company is redeveloping a 1950s-era cruise ship into a hotel

TRD New York /
Mar.March 11, 2020 03:35 PM
A photo illustration of Scott Rechler and the SS United States (Credit: Eugene Gologursky/Getty Images for National Eating Disorder Association, Brian W. Schaller via Wikipedia)

A photo illustration of Scott Rechler and the SS United States (Credit: Eugene Gologursky/Getty Images for National Eating Disorder Association, Brian W. Schaller via Wikipedia)

Scott Rechler’s dreams are afloat.

RXR Realty is embarking on a $500 million renovation project that will turn a 1950s-era ocean liner into a hotel, Bloomberg reported. Rechler, the company founder and CEO, is now shopping plans around New York, San Francisco and about six other cities to find a place to moor the finished product.

Plans for the overhaul include a museum, brewery, food hall, glass-walled events space and restaurants, along with guest rooms.

Rechler got the idea as he was negotiating with Airbnb to build the short-term stay company 200 rental units at an Rockefeller Center office tower, and he found encouragement from Airbnb’s CEO, Brian Chesky, according to Bloomberg.

“In the current environment, people are looking for authenticity,” Rechler said. “They’re not necessarily looking for the next big glass box of a hotel. You can get that anywhere in the world. But where can you get the ship?”

The 990-foot boat, named the SS United States, took its first voyage in 1952 and ended its useful life in 1969 as the prominence of air travel rose. Now, it’s moored in Philadelphia and has weathered several unsuccessful attempts to give it a new lease on life. [Bloomberg] — Erin Hudson


Related Articles

arrow_forward_ios
(iStock)

Real estate stocks rally on strong May jobs report

Real estate stocks rally on strong May jobs report
New York University may lease thousands of hotel rooms near its Greenwich Village campus to maintain social distance between students. (iStock, Wikipedia Commons)

NYU’s social-distance fix for dorms? Leasing hotel rooms

NYU’s social-distance fix for dorms? Leasing hotel rooms
(iStock)

US hotel occupancy climbs for the seventh-straight week

US hotel occupancy climbs for the seventh-straight week
Plastic barriers, electrostatic disinfectant sprayers, plenty of hand sanitizer. Miami hotels reopen in the time of Covid-19

Plastic barriers, electrostatic disinfectant sprayers, plenty of hand sanitizer. Miami hotels reopen in the time of Covid-19

Plastic barriers, electrostatic disinfectant sprayers, plenty of hand sanitizer. Miami hotels reopen in the time of Covid-19
Hotel occupancy continued its recovery from the coronavirus, with rates reaching an average of 35% in the U.S. after Memorial Day weekend. (Getty)

Hotel occupancy hovers around 35% after Memorial Day boost

Hotel occupancy hovers around 35% after Memorial Day boost
Anbang’s Andrew Miller, Mirae’s Peter Lee and (from left) JW Marriott Essex House, the Westin St. Francis in San Francisco and the Four Seasons in Jackson Hole (Credit: Marriott, Westin, Four Seasons)

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways
(Credit: iStock)

Hotel occupancy is up for fifth week in a row

Hotel occupancy is up for fifth week in a row
Ian Schrager, 20 Times Square and Maefield Development’s Mark Siffin (Credit: Getty, PBDW Architects)

Times Square Edition to close after only a year

Times Square Edition to close after only a year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...